some interesting factoids: Since San Marino relied on tourism for the local economy, these bracelets were made during the Fascist era (Mussolini) as memorabilia. Renditions prior to 44 carried the Fasces symbol (Bundle/Axe) dating to the Roman Empire. Mine is void of the Fasces.

After 44 it was removed to indicate not only the end of Fascism in Italy but also to celebrate the liberation from the Roman Empire San Marino was best known for (301 AD but wasn't recognized as Liberation by the Papacy until 17th century).

During the 19th century's Italian unification, and sharing values with other nations (Abraham Lincoln being one of them) many were offered refuge in San Marino during the era of persecution. San Marino remained neutral during WWI and today, is one of the richest economies in the world per capita with the lowest unemployment rate, surplus and thrives to this day.